Latest news with #AhmedbinSaeed
Dubai Eye
09-07-2025
- Business
- Dubai Eye
Emirates and Dubai Duty Free explore cryptocurrency payment option
In a major step toward digital innovation, Emirates Airline and Dubai Duty Free have signed separate Memorandums of Understanding (MoUs) with global cryptocurrency platform aiming to explore the integration of crypto payments into their systems. The agreements underscore Dubai's growing role as a global hub for financial innovation and digital assets. They were signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman & Chief Executive of Emirates Airline & Group, and Chairman of Dubai Duty Free. Emirates plans to integrate Pay into its payment systems by next year, offering customers more flexibility and aligning with the preferences of younger, tech-savvy travellers. Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, said the move reflects the airline's commitment to evolving customer needs and supports Dubai's vision of becoming a leader in financial innovation. Dubai Duty Free, meanwhile, is exploring crypto payment options both in-store and online. Managing Director Ramesh Cidambi highlighted the initiative as a forward-looking step to enhance convenience and choice for millions of global travellers. The partnership also includes plans for joint marketing campaigns and customer engagement programmes. President and COO, Eric Anziani, welcomed both agreements, calling them milestones in expanding real-world use cases for digital currencies in the region. The company's UAE President, Mohammed Al Hakim, and Middle East President, Alain Yacine, emphasized the strategic importance of these partnerships in building a robust crypto ecosystem in the GCC. These developments come as Dubai continues to position itself at the forefront of digital transformation, supported by a strong regulatory framework and a growing number of businesses embracing cryptocurrency. In the presence of Ahmed bin Saeed, Emirates signs a MoU with to explore ways to integrate Pay within its payments systems, while maintaining the highest security and compliance standards. Integration is expected to take effect next… — Dubai Media Office (@DXBMediaOffice) July 9, 2025 In the presence of Ahmed bin Saeed, Dubai Duty Free signs a MoU with to explore enabling crypto payment and developing collaborative initiatives. — Dubai Media Office (@DXBMediaOffice) July 9, 2025
ARN News Center
09-07-2025
- Business
- ARN News Center
Emirates and Dubai Duty Free explore cryptocurrency payment option
In a major step toward digital innovation, Emirates Airline and Dubai Duty Free have signed separate Memorandums of Understanding (MoUs) with global cryptocurrency platform aiming to explore the integration of crypto payments into their systems. The agreements underscore Dubai's growing role as a global hub for financial innovation and digital assets. They were signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman & Chief Executive of Emirates Airline & Group, and Chairman of Dubai Duty Free. Emirates plans to integrate Pay into its payment systems by next year, offering customers more flexibility and aligning with the preferences of younger, tech-savvy travellers. Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, said the move reflects the airline's commitment to evolving customer needs and supports Dubai's vision of becoming a leader in financial innovation. Dubai Duty Free, meanwhile, is exploring crypto payment options both in-store and online. Managing Director Ramesh Cidambi highlighted the initiative as a forward-looking step to enhance convenience and choice for millions of global travellers. The partnership also includes plans for joint marketing campaigns and customer engagement programmes. President and COO, Eric Anziani, welcomed both agreements, calling them milestones in expanding real-world use cases for digital currencies in the region. The company's UAE President, Mohammed Al Hakim, and Middle East President, Alain Yacine, emphasized the strategic importance of these partnerships in building a robust crypto ecosystem in the GCC. These developments come as Dubai continues to position itself at the forefront of digital transformation, supported by a strong regulatory framework and a growing number of businesses embracing cryptocurrency. In the presence of Ahmed bin Saeed, Emirates signs a MoU with to explore ways to integrate Pay within its payments systems, while maintaining the highest security and compliance standards. Integration is expected to take effect next… — Dubai Media Office (@DXBMediaOffice) July 9, 2025 In the presence of Ahmed bin Saeed, Dubai Duty Free signs a MoU with to explore enabling crypto payment and developing collaborative initiatives. — Dubai Media Office (@DXBMediaOffice) July 9, 2025
Tourism Breaking News
26-06-2025
- Business
- Tourism Breaking News
Emirates Group and the Federal Youth Authority establish strategic partnership aimed at fostering youth empowerment
Post Views: 49 The Emirates Group signed a Memorandum of Understanding (MoU) with the Federal Youth Authority to establish a strategic framework that further develops the Group's youth community, inspiring generations of aviation and travel professionals. His Highness Sheikh Ahmed bin Saeed emphasised the importance of empowering youth, recognising the need to forge partnerships with like-minded entities: 'The young minds at the Emirates Group are invaluable to our organisation. They provide fresh perspectives that inspire positive change, fuelled by passion and contagious energy. This strategic partnership with the Federal Youth Authority reflects our Emiratisation team's ongoing commitment to empowering youth, in line with the UAE's National Youth Agenda 2031. We hope it will motivate our entire community to keep innovating, dream big, and further build on the successes of the Group. Today's youth are tomorrow's leaders. We will continue to invest in them, ensuring they are future-ready to drive our nation's achievements across all fronts – including travel and aviation.' In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline and Group and His Excellency Dr Sultan Saif Al Neyadi, Minister of State for Youth Affairs; the MoU was signed by Yousuf Bin Lahej Al Falasi, Vice President Emiratisation and Government Partnerships at the Emirates Group and Khalid Mohammed Al Nuaimi, Director of the Federal Youth Authority. His Excellency Dr. Sultan Al Neyadi, UAE Minister of State for Youth Affairs, stated: 'This partnership reflects the enduring vision of the UAE's leadership, which recognises youth as the driving force behind the nation's future growth and progress. Guided by this belief, our national youth strategies empower young people with the resources and opportunities to unlock their potential and shape a sustainable future reflecting the UAE's ambitions and global leadership. HE added: 'The MoU between the Federal Youth Authority and the Emirates Group will establish a practical framework encouraging young Emirati talent to pursue careers in the aviation sector. This partnership will unlock a host of opportunities for professional growth and drive youth's participation in pioneering national projects. We aim to nurture a generation of leaders and experts equipped with the skills and knowledge to steer the future of aviation with excellence, reinforcing the UAE's global leadership and elevating its international stature.' Under the MoU, the Emirates Group and the Federal Youth Authority will explore joint initiatives that empower, develop, and engage the Group's community of Emirati youth, with the common objective of creating a robust pipeline of aviation leaders. The two entities aim to organise bespoke training workshops, seminars and capacity-building programmes designed to attract and retain talented Emiratis, placing them in an array of roles within the Emirates Group's business units and brands. The Emirates Group's Emirati community of youth will also benefit from access to the Federal Youth Authority's nation-wide initiatives and projects to expand their connections, insights and expertise. The establishment of the strategic partnership between the Emirates Group and the Federal Youth Authority was led by The Emirates Group Youth Council's first cohort. Throughout their tenure, the eleven members of the Emirates Group Youth Council have been actively involved in working towards the objectives of the UAE's National Youth Strategy, from organising a Youth Summit to supporting Aviation Future Week 2024 and a host of other events and initiatives. Earlier this year, the cohort was recognised among the top three private sector youth councils in the UAE at the Youth Councils Forum 2025. Held at Expo City Dubai by the Federal Youth Authority, the forum is the UAE's largest youth gathering and celebrates the achievements and dedication of youth councils nation-wide.
Time Out Dubai
23-05-2025
- Business
- Time Out Dubai
Dubai cashless strategy: Why Dubai is moving on from physical money
Dubai big plans to eventually become a cashless city. The Dubai cashless strategy will eventually mean that all payments in the city across the government and private sectors will go digital. The initiative, first announced in October 2024, aims to ditch notes and coins for digital payments throughout the emirate. Cashless transactions are expected to hit around 90 percent of all transactions by 2026, potentially boosting economic growth by over Dhs8 billion annually. Becoming cashless does not mean that money will be abandoned altogether but, instead, payments will be digital with banking apps and credit cards currently the main way to pay without physical notes or coins. The strategy will also prioritise innovations in digital payments, including AI-driven solutions and contactless technologies to offer even more ways to pay. And the latest development by DIFC and Dubai Finance means that there will be specialised workshops to help businesses make the switch. The collab will also bring AI-driven initiatives that add value for workers, tourists and the broader community by adopting digital payments. In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy's three core pillars—governance, innovation, and… — Dubai Media Office (@DXBMediaOffice) May 16, 2025 The city plans for 100 percent of stores to accept digital payments and for everyone living in the city to be able to pay digitally. That's right, bartering at the souq with notes or rummaging around the back of the sofa for long-lost change could soon be a thing of the past. The Dubai Cashless Strategy was initially revealed late on Tuesday October 1 following a meeting of The Executive Council of Dubai. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chaired that meeting, outlining that the city aims to make itself one of the top five cashless cities in the world. .@HamdanMohammed chairs @TECofDubai's meeting; approves the Education Strategy 2033, the Real Estate Strategy 2033 and Dubai Cashless Strategy. — Dubai Media Office (@DXBMediaOffice) October 1, 2024 Dubai has also outlined that it wants to make a range of financial technology services available to people in the city. The plan to make the switch to becoming cashless has been brought about with consumers, payment service providers and merchants in mind with the move set to have a wider benefit of convenience and speedier payments throughout the emirate. At the meeting, the city also discussed its overarching real estate strategies, plans for education and the future of transport in Dubai. If you've got some spare pennies and have no idea what to do with them, then check out our guide on what to do with Dhs1 in Dubai. Looking for things to do in Dubai? 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list 50 free things to do in Dubai Feeling the pinch? Enter free things to do Here's how to eat at 10 expensive Dubai restaurants for less Early bird dinners, lunch specials and more
Time Out Dubai
16-05-2025
- Business
- Time Out Dubai
Dubai cashless strategy: Dubai Finance and DIFC sign strategic partnership
Dubai has revealed big plans to eventually become a cashless city. The Dubai cashless strategy will eventually mean that all payments in the city across government and private sectors will go digital. A big step forward in the plans came on Friday May 16 2025, as Dubai Finance and DIFC signed an agreement to support the cashless strategy. The initiative, first announced in October 2024, aims to ditch notes and coins for digital payments throughout the emirate. Cashless transactions are hoped to hit around 90 percent of all transactions by 2026, potentially boosting economic growth by over Dhs8 billion annually. Becoming cashless does not mean that money will be abandoned altogether but, instead, payments will be digital with banking apps and credit cards currently the main way to pay without physical notes or coins. The strategy will also prioritise innovations in digital payments, including AI-driven solutions and contactless technologies to offer even more ways to pay. And the latest development by DIFC and Dubai Finance means that there will be specialised workshops to help businesses make the switch. The collab will also bring AI-driven initiatives that add value for workers, tourists and the broader community by adopting digital payments. In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy's three core pillars—governance, innovation, and… — Dubai Media Office (@DXBMediaOffice) May 16, 2025 The city plans for 100 percent of stores to accept digital payments and for everyone living in the city to be able to pay digitally. That's right, bartering at the souq with notes or rummaging around the back of the sofa for long-lost change could soon be a thing of the past. The Dubai Cashless Strategy was initially revealed late on Tuesday October 1 following a meeting of The Executive Council of Dubai. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chaired that meeting, outlining that the city aims to make itself one of the top five cashless cities in the world. .@HamdanMohammed chairs @TECofDubai's meeting; approves the Education Strategy 2033, the Real Estate Strategy 2033 and Dubai Cashless Strategy. — Dubai Media Office (@DXBMediaOffice) October 1, 2024 Dubai has also outlined that it wants to make a range of financial technology services available to people in the city. The plan to make the switch to becoming cashless has been brought about with consumers, payment service providers and merchants in mind with the move set to have a wider benefit of convenience and speedier payments throughout the emirate. At the meeting, the city also discussed its overarching real estate strategies, plans for education and the future of transport in Dubai. If you've got some spare pennies and have no idea what to do with them, then check out our guide on what to do with Dhs1 in Dubai. Looking for things to do in Dubai? 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list 50 free things to do in Dubai Feeling the pinch? Enter free things to do Here's how to eat at 10 expensive Dubai restaurants for less Early bird dinners, lunch specials and more
